QS Investors LLC Sells 1,244 Shares of Weyerhaeuser (NYSE:WY)

QS Investors LLC lessened its position in shares of Weyerhaeuser (NYSE:WY) by 1.1% during the second quarter, HoldingsChannel.com reports. The fund owned 108,039 shares of the real estate investment trust’s stock after selling 1,244 shares during the period. QS Investors LLC’s holdings in Weyerhaeuser were worth $3,719,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WY. Eagle Bay Advisors LLC bought a new stake in Weyerhaeuser during the 2nd quarter worth approximately $31,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Weyerhaeuser by 337.9% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 924 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 713 shares during the last quarter. University of Texas Texas AM Investment Managment Co. bought a new position in shares of Weyerhaeuser in the 2nd quarter worth $34,000. Jacobi Capital Management LLC increased its holdings in shares of Weyerhaeuser by 75.7% in the 2nd quarter. Jacobi Capital Management LLC now owns 982 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 423 shares during the last quarter. Finally, First National Bank of South Miami increased its holdings in shares of Weyerhaeuser by 1,000.0% in the 2nd quarter. First National Bank of South Miami now owns 1,100 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. 81.21% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on WY shares. Zacks Investment Research raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating and set a $38.00 price target on the stock in a report on Monday, October 4th. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, July 27th. Raymond James decreased their price target on shares of Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Friday, August 27th. Finally, The Goldman Sachs Group began coverage on shares of Weyerhaeuser in a research note on Thursday, July 15th. They issued a “buy” rating and a $40.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $39.29.

Shares of WY opened at $37.40 on Thursday. The stock has a market capitalization of $28.04 billion, a P/E ratio of 12.26 and a beta of 1.84. The company has a quick ratio of 2.42, a current ratio of 2.85 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $35.58 and a two-hundred day simple moving average of $36.08. Weyerhaeuser has a twelve month low of $26.57 and a twelve month high of $41.68.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.01). The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Weyerhaeuser had a net margin of 23.25% and a return on equity of 26.56%. The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. Sell-side analysts expect that Weyerhaeuser will post 3.37 EPS for the current fiscal year.

The company also recently declared a None dividend, which will be paid on Tuesday, October 19th. Shareholders of record on Tuesday, October 5th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, October 4th. Weyerhaeuser’s payout ratio is currently 52.71%.

Weyerhaeuser Company Profile

Weyerhaeuser Co engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, which engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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